Word: market
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Dates: during 1950-1959
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EVER since small foreign cars began to sell in the U.S. market-and ever since American Motors made its astonishing comeback with its compact car-motorists have wondered when and if the Big Three would bring out smaller cars. There were many reports out of Detroit and surreptitious pictures (left), but last week there were no longer any doubts. The Big Question: What will they look like and when will they come out? TIME'S Detroit bureau talked to dozens of auto executives, suppliers, tool and diemakers. Winnowing a mass of information, TIME this week puts together an accurate...
Importer for the gadgets is Cambridge Businessman Paul Grindle, whose Ealing Corp. sells foreign educational equipment to the U.S. market. Grindle saw some of the machines on the cover of a Russian physics magazine, went to Moscow and began negotiations. The gadgets are good, says Grindle, because they are designed by clever engineers specifically for teaching, cheap because they are already in mass production for Russian schools...
...bonds had another sinking spell last week, reached the lowest level in years; many Treasury issues now yield more than 4%. Furthermore, future Treasury issues may meet only a tepid reception, because Government bond yields are now bumping against the top legal limit of 4¼%. As the bond market, led by Government issues, drifted downward, the "spread" between bond and stock yields grew still larger; highest-grade corporate bonds now yield an average 4.2% v. 3.3% for the Dow-Jones industrials. Rarely in the past 50 years have stocks yielded less than bonds for any length of time except...
...Three automakers are deep in crash programs to get into the market with small, compact cars. As small European and U.S. cars grabbed 15% of the market, American Motors presented fresh evidence of how profitable the market is. American's President George Romney reported that in the fourth quarter of 1958 the company earned $21 million, or $3.56 a share, nearly as much as it cleared in the previous twelve months. Studebaker-Packard's Lark sold so well in the first ten days of January that the company for the fourth time has raised its production...
...Shirley Basin area shared by Utah Construction Co., Tidewater Oil Co., Kerr-McGee Oil Industries, Inc. Reserves there total 1,500,000 to 4,000,000 tons of high-grade ore (.8% uranium oxide), but most of it will not be mined for a long while because market is glutted...